Home for Sale at 60 Hanson Road, Darien, CT 06820

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60 Hanson Road
Darien, CT 06820

Karen Bonner with Brown Harris Stevens, original listing - (203) 655-1418

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Property Details

List Price:	$3,100,000
Beds:	4
Baths:	Full: 4, ½: 1
Status:	Active
SqFt:	4446 Square Feet
Agency:	Brown Harris Stevens
Agency Phone:	(203) 655-1418

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Description/Comments

Lot Size:	2 acre(s)
Garage:	Garage
Property Type:	Residential-Single Family Residence
Year Built:	1920
Notes:	Welcome to 60 Hanson Road, a property that offers the best blend of old-world charm and modern amenities. Thoughtfully updated by its current owner, this 4 bedroom, 4 full, and one half bath home on 2 acres is private and convenient, centrally located, and within walking distance to the high school. Immediately upon arriving at the home, you are greeted by a gracious front porch and views of the Weeburn Country Club's 18th hole. The scenic view and sunlight are carried into the foyer with an updated glass entry. This is just the beginning of the many surprises in this home, featuring approximately 4,446 square feet of living space and primary suites on both the first and second floors. The home's character-filled formal living room showcases antique beams and a wood-burning fireplace. The newly renovated and pristine eat-in kitchen overlooks a spacious family room with a gas-fireplace, antique wood accents, and two sets of French doors. A formal dining room, a butler's pantry, a private office, a sunroom, and a chic mudroom are all move-in ready. Upstairs you will find more thoughtful improvements with newly renovated bathrooms and laundry room, and a vaulted-ceiling bonus room with a large picture window. The home's energy-efficient amenities feature a new roof, new heating and cooling, added spray foam insulation, and new windows. This unique Darien home is not to be missed.
MlsNumber:	--
ListingId:	24056905

Listing Provided By:	Brown Harris Stevens, original listing
Phone:	(203) 655-1418
Office Phone:	(203) 655-1418
Agent Name:	Karen Bonner
Disclaimer:	Copyright © 2024 SmartMLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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HUD Foreclosures

HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest.

The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered.

VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale.

This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments.

Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.

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